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Feb 1, 2013
02/13
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. >> reporter: is it fair that he wanted to pay his fair share of taxes before the fiscal cliff? >> it's probably the money that is in principle. everybody wants money, it's not a secret. >> reporter: you had an opportunity to make a statement about your principles, and i thought it was an odd move. >> a greedy guy. environmentalists who voted for him and clinton -- >> i really do. >> why don't you wum on the o'reilly factor, mr. president. you know that bill is not a big anti-global warming guy. the o'reilly factor? >> i love o'reilly, he's a comedian, right? >> i have watch both sides of the picture. >> i have a son with autism. and o'reilly is one of our biggest supporters. >> you don't watch fox news. >> this is a game you're playing, you try to get people to sound like what you want. >> i thought that you didn't watch. >> bill: all right, here now have is watters. so gore, did he tell you why he didn't want to come on? guest: no, he tried to brush meed off politely. i said give me some dates, and bill has a few questions, we know we can sell a lot of books here, and we know
. >> reporter: is it fair that he wanted to pay his fair share of taxes before the fiscal cliff? >> it's probably the money that is in principle. everybody wants money, it's not a secret. >> reporter: you had an opportunity to make a statement about your principles, and i thought it was an odd move. >> a greedy guy. environmentalists who voted for him and clinton -- >> i really do. >> why don't you wum on the o'reilly factor, mr. president. you know that bill...
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Feb 5, 2013
02/13
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>> you can't tax your way to prosperity, either. over the history of western civilization, those countries that tax the productive and the entrepreneurial fail, so america is really at a choice. do we cut spending or do we raise taxes on people who create jobs and who create wealth? i think we have to cut spending. >> shannon: all right. we'll see if the president is listening to you, professor. thank you so much. >> thank you. >> shannon: all right. while the president was speaking, we were also learning more about what the congressional budget office expects for the coming year. remember, it's nonpartisan. first, because of the extra taxes most of the country started paying a few weeks ago, you may have noticed in your paycheck, they expect the deficit will come in just below a trillion dollars this year. before you open the champagne, it's still going to be around $800 billion. in fact, north of that, a very big number. because of spending cuts, they expect economic growth to be slow and unemployment to stay high. stu varney join
>> you can't tax your way to prosperity, either. over the history of western civilization, those countries that tax the productive and the entrepreneurial fail, so america is really at a choice. do we cut spending or do we raise taxes on people who create jobs and who create wealth? i think we have to cut spending. >> shannon: all right. we'll see if the president is listening to you, professor. thank you so much. >> thank you. >> shannon: all right. while the president...
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Feb 8, 2013
02/13
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the past two years, i have signed into law $1.4 trillion in spending cuts. [ laughter ] >> and closed tax loop loopholes to make sure top earning americans pay their fair share. >> the fact is though, we can't finish the job deficit reduction through spending cuts alone. >> yes, we can. [ laughter ] >> we can. >> john: now, that is romance. before we go tonight. one more look at the radar on the scene from boston as the huge storm is getting ready to wrap you up. expected to dump as much as 3-foot
the past two years, i have signed into law $1.4 trillion in spending cuts. [ laughter ] >> and closed tax loop loopholes to make sure top earning americans pay their fair share. >> the fact is though, we can't finish the job deficit reduction through spending cuts alone. >> yes, we can. [ laughter ] >> we can. >> john: now, that is romance. before we go tonight. one more look at the radar on the scene from boston as the huge storm is getting ready to wrap you up....
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Feb 8, 2013
02/13
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asked if tax less go up on middle class americans this year, 68% said they think, yes, that taxes are going to go up. if that is the case, i mean economic activity can't be helped by that, is it, joe? >> well, no, but they are right, jon. i mean when you look at it the payroll tax that was pulled off as a way to give people a little bit more money in their pocketbooks, to buy things, and to get the kids to school, and put gas in the car, that came off. so the payroll tax is back on, and that affects everybody. i know we talked a lot during the tax issues about the upper 2%, but average americans are going to be hit by putting some of the tax breaks back on -- i mean taking them off that were on, that has happened. people are already going to start feeling that one. so i think that poll sort of reflects reality. jon: kind of interesting too, he defeated hillary clinton in the race for the nomination, four or five years ago and these days according to the polls she is more popular than the president is. does that surprise you, joe? >> no. i think, look, you know the buck stops with the
asked if tax less go up on middle class americans this year, 68% said they think, yes, that taxes are going to go up. if that is the case, i mean economic activity can't be helped by that, is it, joe? >> well, no, but they are right, jon. i mean when you look at it the payroll tax that was pulled off as a way to give people a little bit more money in their pocketbooks, to buy things, and to get the kids to school, and put gas in the car, that came off. so the payroll tax is back on, and...
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Feb 8, 2013
02/13
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but we have also seen that a lot of people taxes have gone up. regulations have gone up and i think what businesses here report like that, they feel like not expanding, not growing, like not hiring anybody because they're afraid. >> no, absolutely, they're afraid and the people who lost their jobs, obviously, are the ones that this survey found are among the most despondent. more than 50 cut back on medical treatments or going to see the doctor because they can't afford more than 50%, that's 40% say they were forced to borrow money from family and friends and that's demoralizing thing that a lot of people have to turn to when they're out of work. 20% had to be treated professionally for depression. 38% say they drained a very significant amount out of their savings. so, you're right. small business owners feel very beaten down and individuals, millions of people that are out of work, beaten down as well. another thing i thought was really interesting about this was what they thought the government should be doing. so pretty obvious solutions, it
but we have also seen that a lot of people taxes have gone up. regulations have gone up and i think what businesses here report like that, they feel like not expanding, not growing, like not hiring anybody because they're afraid. >> no, absolutely, they're afraid and the people who lost their jobs, obviously, are the ones that this survey found are among the most despondent. more than 50 cut back on medical treatments or going to see the doctor because they can't afford more than 50%,...
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Feb 6, 2013
02/13
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now again he wants to raise taxes. i think it's time for us to cut spending. >> steve: what are the odds he was talking yesterday about how bad the sequester is. the sequester was the idea, it was the invention of the white house! >> well, it was. if you read bob woodward's book, he said it was their idea and by the way, today i'm going to be working with another group of senators and buck mckeon, the chairman of the house armed services. we're going to introduce a bill that comes with alternative cuts to deal with sequestration without new taxes. you can do it by cutting spending. we'll do it in a responsible way. >> brian: so the president to come forward now, do you think it's something of desperation or is this a responsible thing to do before march 1 is right upon us? >> i actually think if we have to deal with sequestration in terms of the impacts on our military undermining our national security, it remains a very dangerous world. but again, there are ways to do this without raising taxes. we're introducing a bi
now again he wants to raise taxes. i think it's time for us to cut spending. >> steve: what are the odds he was talking yesterday about how bad the sequester is. the sequester was the idea, it was the invention of the white house! >> well, it was. if you read bob woodward's book, he said it was their idea and by the way, today i'm going to be working with another group of senators and buck mckeon, the chairman of the house armed services. we're going to introduce a bill that comes...
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Feb 7, 2013
02/13
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the federal income tax? >> primary residence, original debt, acquisition debt, even if you refinance, if you went to approve your home, the mortgage debt relief act says if you get a 1099 c, cancellation of debt, you have no tax liability whatsoever. if you get the 1099 c, you give it to your cpa. they'll know what to do. if orgeat 1099 a, which is an abandonment, that's different. that's not a cancellation. that comes also. so make sure you get the -- if you get the document, take it to your cpa. generally speaking, primary residence, original acquisition debt, short sale waived, you're good to go. thank you very much for being here. it's interesting that you have these array of questions and again, like i said at the beginning of the show, no matter where you go in the country, the same types of issues people are faced with every day. that's been going on for a couple of years. you know what that says? it says the industry has not dealt with the problems. they've not tried to reach out to the homeowners th
the federal income tax? >> primary residence, original debt, acquisition debt, even if you refinance, if you went to approve your home, the mortgage debt relief act says if you get a 1099 c, cancellation of debt, you have no tax liability whatsoever. if you get the 1099 c, you give it to your cpa. they'll know what to do. if orgeat 1099 a, which is an abandonment, that's different. that's not a cancellation. that comes also. so make sure you get the -- if you get the document, take it to...